Finance & Capital Management

New York -- Learn how Saks Fifth Avenue used data as the foundation for its energy efficiency initiatives at a Webinar on Thursday, September 24, 2015, at 2 p.m. (EST).  

Gary Levitan, senior manager of energy and utilities for Hudson’s Bay Company, parent of Saks Fifth Avenue, will explain how Saks used data — and how it efficiently identified and leveraged the right data — to make the business case for an efficiency initiative that drove the following benefits:   

Target Corp. has operated an innovation lab in San Francisco since 2013, but now the retailer is eyeing a more accelerated and outward-focused approach to innovation.

It’s official – Target Corp. will face a class action lawsuit related to its November 2013 data breach.

Justice continues to be a drain for the Ascena Retail Group, but in the fourth quarter Lane Bryant also proved to be a burden, as the company reported a drop in same-store sales.

The operator of Justice, as well as stores under the Lane Bryant, Cacique, Maurices, Dressbarn, and Catherines brands, said combined same-store sales declined 2% during its fourth quarter of fiscal 2015 ended July 25.

Target Corp. has operated an innovation lab in San Francisco since 2013, but now the retailer is eyeing a more accelerated and outward-focused approach to innovation.

In collaboration with Boulder, Colorado-based startup accelerator Techstars, Target is creating a new retail accelerator program that will launch next year in Minneapolis.

Target Corp. is going high-tech with efforts to improve employee fitness. All 335,000 U.S. employees of Target will be offered free or subsidized wearable digital activity trackers from Fitbit Inc.

As part of the program, management will have a dashboard that can track individual employees by activities such as how many steps they take in a day. The basic FitBit Zip device will be provided free, or Target will help employees pay for a costlier FitBit wristband device.

Lower gas prices are not significantly altering consumer behavior, according to the latest Consumer Fuels Survey results released by the National Association of Convenience Stores (NACS).

Although drivers report that the national median gas price fell 25 cents per gallon in the past month and 60 cents per gallon since July, only 22% of consumers say that they will drive more over the coming month and only 15% say that they will spend more on other non-fuels items in the coming month.

Taubman Centers named Simon J. Leopold, treasurer and executive VP, capital markets, as CFO, effective Jan. 1.

Leopold will succeed current CFO Lisa A. Payne, who will continue as vice chairman until she leaves the company in March. Payne has been with the shopping center development and management company since 1997. Earlier, she was a vice president of Goldman, Sachs & Co.’s investment banking division.

Gordmans Stores has named a veteran from Hancock Fabrics to take over as CFO.

The Omaha-based apparel and home decor retailer announced that James B. Brown has been appointed executive VP and CFO effective immediately.

It is the season before the season when retailer revelations about plans to hire temporary workers offer insight into holiday expectations. One of the best indicators of what to expect this Christmas comes courtesy of UPS.

UPS said it plans to hire between 90,000 and 95,000 seasonal employees (about the same as last year) to support the anticipated increase in package volume that will begin in November and continue through January 2016.